Press release
Thailand and Philippines Tolling & City Congestion Market Opportunity Analysis and Industry Forecast, 2022 - 2030
The tolling system is an automated mechanism, which helps reduce the delay on toll bridges, toll roads, and toll tunnels without human intervention for toll receivers and payers. It can electronically charge a toll to an established customer account through real-time tracking and monitoring system. The latest innovation in tolling system is the electronic toll collection (ETC) that allows vehicles to pass through a toll facility without stopping at the toll center. This tolling system uses technologies such as radio-frequency identification (RFID), dedicated short-range communication (DSRC), infrared, global navigation satellite system (GNSS)/global positioning system (GPS), and video analytics, for its operation.Download Report (210 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/5044
Key Market Players
ALSTOM
CONDUENT (XEROX CORPORATION
CUBIC TRANSPORTATION
EFKON GMBH
GE TRANSPORTATION
KAPSCH
RAYTHEON
SIEMENS AG
TOSHIBA CORPORATION
THALES
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However, high capital investment for transportation & tolling system, large database requirement for road & tolling network, and low acceptance ratio are the major restraining factors for this market. Furthermore, rise in investments in the idea of smart cities and innovation of smart signal offer lucrative opportunities for the Thailand and Philippines tolling & city congestion market.
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TOP IMPACTING FACTORS
The key factors that drive the growth of the Thailand and Philippines tolling & city congestion industry are rise in demand for effective traffic management solutions, increase in number of vehicles, and reduction in environmental pollution. However, high initial capital investment for transportation & tolling system, large database requirement for road & tolling network and loss in jobs owing to the advanced automatic tolling system hamper the growth of the market to a certain extent. The market witnessed significant growth owing to investments in the idea of smart cities, innovation of smart traffic signal, and emergence of internet of things (IoT). Each of these factors is anticipated to have a definite impact on the Thailand and Philippines tolling & city congestion market during the forecast period.
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KEY BENEFITS FOR STAKEHOLDERS
This study comprises an analytical depiction of the Thailand and Philippines tolling & city congestion market along with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a strong foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.
The report includes the market share and trends of the key players in the Thailand and Philippines tolling & city congestion market.
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